Borders closing != no more bookstores. They'll survive and morph into even more fun places to hang out and browse content. The reason why borders closed is because the atmosphere wasn't conducive to just hanging out. I always wanted to leave as soon as I walked into one. I don't get that feeling at cool local bookstores or even Barnes and Noble.
I personally preferred our local Borders stores over the Barnes and Nobles. They usually had more titles in stock and were a little nicer furnished. But they started to go downhill about 2 years ago, with more and more empty space, damaged carpets, trashed bathrooms, etc.